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Workmen’s compensation insurance – what is it and why do you need it?

December 17, 2017

Keeping employees safe at work is a top priority for any business. However, it is not always possible and sometimes accidents occur. But while it is not always easy to protect your staff against accident and injury, it is possible to ensure that they are covered against loss of earnings and expensive medical bills should such an incident occur. That’s exactly what workmen’s compensation insurance does.

Workmen’s compensation insurance – also known as a workmen compensation policy – covers medical costs and usually a percentage of the wages lost should an employee be unfit to work due to an illness or injury caused by or sustained while doing their job. The types of illness and injury covered by such an insurance policy include:

  • Injuries caused by trips, slips and falls
  • Injuries caused by faulty or misused equipment
  • Burns or other injuries caused by fire or corrosive substances
  • Injuries as a result of loose or falling equipment
  • Injuries sustained while bending or lifting
  • Repetitive-strain injuries
  • Any injury or illness caused by incompetence or negligence on the part of your business

Do I need a workmen’s compensation policy?

Should an employee suffer ill health, accident, injury or death as a result of their job or working conditions, the employer is required under UAE Labor Law to provide compensation and funds to cover medical costs and lost earnings. Without an adequate insurance policy in place, your business may find itself liable for substantial payouts. But workmen’s compensation insurance isn’t just for peace of mind. In many cases – depending on your location and the nature of your business – it may be compulsory.

Ensuring that you are adequately covered is particularly important in the modern day as Dubai and the UAE catches up to the rest of the world in becoming increasing litigious. Compensation payouts have been known to run into the hundreds of thousands, if not millions, and any company operating without sufficient cover is not only letting down its employees and failing to comply with UAE Labor Law, but it is also running the risk of bankruptcy should the worst happen.

Should an employee suffer ill health, accident, injury or death as a result of their job or working conditions, the employer is required under UAE Labor Law to provide compensation and funds to cover medical costs and lost earnings.

Lifecare workmen’s compensation insurance: Protect your people and your business

Lifecare’s workmen compensation insurance covers your business against any costs related to compensation, hospitalisation, medication and treatment of injury and illness, as well as funeral expenses in the event of a death.

Our policies also extend to Employers Liability (EL) cover to protect your business against any potential legal liability should an employee decide to take action as a result of illness or injury.

Our workmen’s insurance package is designed to offer total peace of mind for both employees and employers. We’re not only on hand to help you with the financial implications of worker illness, injury, or death, but our dedicated team is also trained to assist you with finding the right treatment for any incapacitated staff and ensure they are able to receive it without incurring any out-of-pocket expenses. Plus, as we know the stress and complications that can arise as a result of worker injury or illness, we aim to process claims as fast as possible to get the matter resolved and ensure staff are back at work as soon as possible.

Why choose Lifecare?

Lifecare is one of the leading providers of workmen’s compensation insurance in the UAE and is therefore fully compliant with all labour and worker compensation laws.

We know that life and business are full of risks. But while a workmen’s compensation policy won’t protect you from unexpected events, it will protect you from financial loss. We’ll help you choose the types of risks you wish to cover, by choosing the right kind of policy, and with the benefits you most need, for total peace of mind.

Our highly experienced Dubai-based team can assist you with any issue related to a claim as a result of worker injury or illness. And we are fully committed to making sure your experience with us is as timely and hassle-free as possible – that’s why we’ll always prioritise the needs of your business and any affected staff.

For more information, or to discuss any of our wide range of insurance products, get in touch today on +971 (0) 4 305 9500 or email info@lifecareinternational.com